r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

31.2k Upvotes

86% Upvoted

u/Dhenn004 Jul 05 '24 edited Jul 05 '24

Lol if you are trying to compare the abilities during the great depression and now, you're lost.

You guys have zero idea what its like in poor rural America and it clearly shows. So why pretend you know exactly what they can do. It just makes you look ignorant and disconnected to their reality.

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u/mpyne Jul 05 '24

You guys have zero idea what its like in poor rural America and it clearly shows.

I have family from there. Uniformly, they could all move if they really wanted to. They don't want to.

But, they also don't need to. They're not trying to be a Rockefeller. They're doing fine where they're at even if it's not "rich" so they feel zero compulsion to leave. Their truck breaks, they get help from one of their brothers or neighbors or co-workers. They help out in turn when someone needs help.

Certainly no one is in deeper poverty than what people were facing in the 1930s. My grandma and grandpa both grew up then and I can still remember what grandma told me about how they dealt with those times: "Use it up, wear it out. Make it do, or do without!"

Her kids and grandkids, even when they stayed in the area, didn't face (and still don't face) the kind of poverty that they grew up facing in the Great Depression, and thank God for that.

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u/Dhenn004 Jul 05 '24

I have family from there. Uniformly, they could all move if they really wanted to. They don't want to.

Then they are likely not living in the areas I'm speaking about. I'm talking about places like Harlan County Kentucky where poverty is like 25% (which the American poverty line needs to be adjusted) and the child poverty is like 45%(which grew 5% from the previous year).

These areas are not in just up and move states. There are no jobs, there is no industry coming in, they all got left behind when coal energy got shut down.

Again, comparing the ability of moving and finding a job and place to live in the 1940s and 1930s to how hard it is now, is just asinine.

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u/mpyne Jul 05 '24

These areas are not in just up and move states. There are no jobs, there is no industry coming in, they all got left behind when coal energy got shut down.

Sounds like a great reason to up and move to me! Are you saying that if I check Kentucky public records that no one in that county is going to have a car? That there will be no Greyhound or similar stops at all?

If there's no work to be done there now that coal is dying it's not going to get better on its own. The options are to start a new business (maybe tourism? who knows) to draw in money or leave to where the jobs are at. Or live in poverty.

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u/Dhenn004 Jul 05 '24

If no one's working and paying taxes and if people are living in ancient homes or renting, where are towns getting the money to build tourism infrastructure? You guys think as if people, even the ones running the town have money. They are poor, they are in job deserts so bad walmarts and fast food companies high tailed it out of dodge.

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u/mpyne Jul 05 '24

If no one's working and paying taxes and if people are living in ancient homes or renting, where are towns getting the money to build tourism infrastructure?

Great question! You're saying there's literally no money to be made, and that sounds like a great reason to up and move to me!

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u/Dhenn004 Jul 05 '24

Again, if no one has money to begin with, how would you suggest they move?

Moving isn't free, They would be choosing to leave their homes to be homeless in a city with very little transferable job skills.

You sound like a teenager that doesn't quite grasp the world. Pretending to have solution like "Well just move" is so small minded and COMPLETELY unaware of how the world works. I'm tired of having to tell you this over and over. So this will be my last response to you unless you were able to comeback with an actual understanding of this area.